fund managers

A new CEO should help convince investors that Magellan can be turned around. But proving they need Magellan, not an index, will be harder.

Analysts trim expectations after a long period of fundie underperformance.

The beginning of 2022 has marked a significant shift in the market paradigm, with the multi-decade tailwind of falling bond yields, which supported the valuation of ‘long duration’ assets like growth stocks, turning into a headwind. The impact has been far swifter than many expected.

In the latest quarterly data for FY22, both Perpetual and Pendal Group recorded fund outflows of $4.0 billion, Magellan lost $5.2 billion and US$11.9 billion exited Janus Henderson. GQG Partners was the one shining light, recording inflows of US$2.8 billion.

In Bank of America’s July global fund manager survey, several measures show money managers pointing toward further doom and gloom. So much so that the historically bearish sentiment hints at a potential rally to the upside should market conditions only marginally improve.

Contango Asset Management, the owner of Switzer Asset Management continued on their transition to become a focused marketing and distribution platform as opposed to product manufacturer this week. CEO Marty Switzer announced that the group had replaced its wholly owned subsidiary as the fund manager of the popular Switzer Dividend Growth Fund (ASX: SWTZ). Contango…

Goldman Sachs this week released its latest crossover report, which seeks to identify the “most loved” and “unloved” stocks in the US. The report reviews the quarterly reports of some 507 US mutual (or “managed”) funds, representing US$2.7 trillion ($3.4 trillion) in assets under management, and compares these to the reports of 820 hedge funds,…

Despite their popularity in the institutional world, managed funds remain one of the most misunderstood investments by DIY investors. Thus far fund managers have done little to improve the education of end investors to the benefits of their ‘unit trust’ structure. The underlying premise of a managed fund is simple, to pool the capital of…

This week Wall Street witnessed a real-life David vs Goliath story that played out like a scene from a Hollywood blockbuster movie. Wall Street hedge fund managers were caught off-guard by an army of amateur traders who congregated together via the online forum Reddit to play out a classic ‘short squeeze/pump and dump’ scheme to…